Venture Fund Member Profile

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LCG utilizes an investment approach described as Inflection Capital Investing, through which LCG will invest in late seed-stage companies that have reached an inflection point in their business development that strongly suggests continued growth, attractive future funding rounds, and current tangible value. Companies reaching LCGs inflection point have an in-market product, existing primary revenue stream, low expense burn or nominal break-even, relatively light future capital requirements, and a valuation that reflects the current asset value rather than a hockey stick projection. These companies typically need late seed-stage financing to further build out their product features set, and refine their market value proposition and sales structure. Inflection Capital Investing allows LCG to target companies that have solid fundamentals, but which have not yet achieved the full demonstrated scalability needed to attract a Series-A round of financing.

David ArcaraCo-Managing PartnerLaconia Capital Group

David Arcara is the co-managing member of the General Partner and the Management Company. Mr. Arcara has over 20 years of experience as an entrepreneur and general manager of young high-growth and turnaround media and marketing businesses, both digital and traditional. Mr. Arcara has raised, either as lead entrepreneur or as part of the founding team, nearly $100 million dollars of angel and venture funding. In 2010, Mr. Arcara founded Rubber Soul Ventures to contribute his personal capital and operational expertise to emerging digital technology companies and entrepreneurs. Rubber Soul Ventures currently has a portfolio of over a dozen early stage ventures based primarily in the Northeast corridor including LeagueApps, LocalVox, Page Science and Wymsee. Mr. Arcara was also the co-founder of TalkSix, a consumer facing interactive streaming video start-up with a significant B-to-B component. Mr. Arcara has also served as General Manager of Imaginova Corporations digital publishing division, including the flagship property Space.com, founded by CNNs Lou Dobbs and former astronaut Neil Armstrong. Earlier in Mr. Arcaras career, he co-founded Alliance Custom Communications, to create custom content for marketers seeking to enhance their brands customer engagement. Mr. Arcara was ultimately approached by Random House Publishing to re-launch and lead the business as Random House Custom Media.

Mr. Arcara was also a co-founder of UGO Networks, which ultimately consisted of over 500 independent affiliate web publishers reaching over 15 million users a month and became one of the nation largest 18 to 34 male-targeted online entertainment content networks. The UGO founding team was among those pioneering the concept of an online ad-supported publishing network. Mr. Arcara served as UGOs Executive Vice President and led multiple operating functions including affiliate network development, sales, and marketing. UGO was purchased by Hearst Corporation in 2006 for approximately $100 million. In 1992, Mr. Arcara formed DJA Media, Inc., which focused on turning around underperforming radio stations by improving product and sales. In 1996, DJA Media formed Radio Enterprise, Inc., a joint venture with Clear Channel Communications, through which Clear Channel provided financing to allow Radio Enterprise to expand to a total of four stations under Mr. Arcara leadership. Radio Enterprise was sold to Clear Channel in 1998 after more than doubling its asset value at the peak of government-deregulated consolidation.

Mr. Arcara is a member of New York Angels, one of the country leading angel investor organizations, as well as Harvard Business School Angels. He is a graduate of the University of Colorado, Boulder, where he earned a BA in Philosophy, and holds his MBA from Harvard Business School.

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